Arron Banks has confirmed he will not be calling for a judicial review into the designation of the official “Leave” campaign.

In a statement, Mr Banks said:

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“I have spent a lot of time and so much money, alongside many others, over the past few months and years making sure this referendum happened, and more than anything we wanted to make sure it happened fairly. We have raised well over £9 million and reached millions of people around this country.

“What is clear now is that if we were to pursue a judicial review, according to legal experts, we would win. But this is a time to take a step back from the matter, and after consulting with leading campaigners on this issue, including UK Independence Party leader Nigel Farage – we have decided to show the public how this process was stitched up, but not to pursue the judicial review any further.

“It is time to turn our collective guns on the real opponents in this campaign: those who are repeatedly trying to scare the British public into thinking that Britain is too small and insignificant to be an independent nation engaged with the whole world, not just one corner of it. We will be pursuing this campaign with vigour – and we’ll have some fun with it along the way”.

Any futher legal advice will come from Mischon de Reya solicitors, though Breitbart London has uncovered evidence of probable conflicts of interest on the board of the Electoral Commission.